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Savings Account

HSBC Savings Account

Turn your savings into winnings.

Benefits

  • Up to 2 free cash withdrawals and 1 free balance inquiry on non-HSBC UAE Switch ATMs per month
  • Choice between AED, USD, EUR, GBP and RMB account currencies
  • 32 cheque deposit machines at key locations in the UAE without requiring a card and PIN
  • Free international Visa debit card
    Accepted at over 25 million outlets worldwide and giving you access to your accounts at over 1 million ATMs around the world.
  • Six free over-the-counter transactions every month if done using AED
  • 24/7 banking through online banking, phone banking, mobile banking and SMS alerts
  • Access to 91 cash deposit machines around the UAE for instant credit into your account

The benefits and features set out above are current as at the date they appear on our website. However, they may be subject to change at any time at our discretion.

We will try to notify existing customers of any changes that may impact them either in advance of the change or shortly afterwards.

Things you should know


We may request further information or documentation from you, in order to comply with the Foreign Account Tax Compliance Act (FATCA). 

For all fees and charges, please refer to our latest Schedule of Tariffs.

Documents required to apply

Sole account

  • original passport (for all customers)
  • valid residence visa (for non-GCC national customers only)
  • original Emirates identification card (for all customers)
  • proof of UAE residence in the form of either a utility bill/ rental/ lease agreement/ title deed/ employment letter
  • original labour card/work ID (for female applicants on father's/husband's sponsorship)
  • original trade licence (for all self-employed customers)
  • for income transfer customers, original income transfer letter from the employer must be provided

Joint account

Both you and your joint applicant(s) need to complete the savings account opening process by personally visiting any of our branches or Customer Service Centres, with the following documents:

  • original passport (for all customers)
  • valid residence visa (for non-GCC national customers only)
  • original Emirates identification card (for all customers)
  • proof of UAE residence in the form of either a utility bill/ rental/ lease agreement/ title deed/ employment letter
  • original labour card/work ID (for female applicants on father's/husband's sponsorship)
  • original trade licence (for all self-employed customers)
  • for income transfer customers, original income transfer letter from the employer must be provided

Apply online

New to HSBC UAE

Instantly confirm your eligibility online and get an approval in principle.

Existing HSBC UAE Customers

Log on to online banking for the quickest and easiest way to apply.

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